Bill Toulas reports: Security researchers at Sentinel Labs have uncovered evidence that links the Black Basta ransomware gang to the financially motivated hacking group FIN7, also known as “Carbanak.” When analyzing tools used by the ransomware gang in attacks, the researchers found signs that a developer for FIN7 has also authored the EDR (Endpoint Detection…
Category: Commentaries and Analyses
Ransomware cost US banks $1.2 billion last year
Dan Robinson reports: Banks in the US paid out nearly $1.2 billion in 2021 as a result of ransomware attacks, a marked rise over the year before though it may simply be due to more financial institutions being asked to report incidents. The figures come from the most recent Financial Trend Analysis report [PDF] on ransomware from…
World leaders make fresh vows to fight global ransomware threat
Martin Matishak reports: A coalition of government cybersecurity leaders from nearly 40 countries on Tuesday reaffirmed to work together to stamp out ransomware attacks, launching several new efforts meant to better combat the rising global threat. “We commit to work together to prioritize disruption targets to leverage the breadth of authorities and tools available to…
OCR Releases New Recognized Security Practices Video
In recognition of National Cybersecurity Awareness Month, OCR has produced a new video this October for organizations covered under the HIPAA Rules on Recognized Security Practices. Recommended security practices can help organizations improve their ability to safeguard patient information from cyberattacks and better safeguard the health care services we all rely upon. Section 13412 of…
Hackers selling access to 576 corporate networks for $4 million
Bill Toulas reports: A new report shows that hackers are selling access to 576 corporate networks worldwide for a total cumulative sales price of $4,000,000, fueling attacks on the enterprise. The research comes from Israeli cyber-intelligence firm KELA which published its Q3 2022 ransomware report, reflecting stable activity in the sector of initial access sales…
FTC Brings Action Against Ed Tech Provider Chegg for Careless Security that Exposed Personal Data of Millions of Customers
The Federal Trade Commission is taking action against education technology provider Chegg Inc. for its lax data security practices that exposed sensitive information about millions of its customers and employees, including Social Security numbers, email addresses and passwords. Chegg allegedly failed to fix problems with its data security despite experiencing four security breaches since 2017….